Dealz owner Pepco sales jump as shoppers seek value

Since 2011, Dealz has opened more than 50 stores across Ireland, more more planned for the future

The owner of the Pepco, Poundland and Dealz brands said it remained on track to deliver full-year core earnings growth in the "mid-teens".

European discount retailer Pepco Group reported a 22.8% surge in first-half revenue, as its low prices chimed with cash-strapped consumers and it opened a net 166 new stores.

The Warsaw-listed group said on Thursday revenue was €2.84bn for the six months to March 31st. Like-for-like sales were up 11.1% in the first half and up 8.5% in the second quarter.